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Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Bitmart | FEATURES | Pdax |
|---|---|---|
|
BitMart offers a relatively low minimum trade amount, making it accessible for beginners to start trading without significant capital. |
Minimum Trade |
PDAX allows users to start trading with as little as PHP 50 per single trade, making it accessible for beginners and those with limited capital. |
|
Fees are competitive, but could be improved to match lower rates offered by some other exchanges. |
Trading and Transaction Fees |
The trading fees range between 0.40% to 0.50%, which is moderately competitive within the region but higher compared to global averages. |
|
BitMart supports a wide array of cryptocurrencies, providing users with a diverse range of trading options. |
Number of Cryptocurrencies |
Supports over 37 cryptocurrencies, which is decent for a regional exchange but less compared to larger international platforms. |
|
Offers a substantial number of crypto-to-crypto trading pairs, allowing for versatile trading strategies. |
Crypto-to-Crypto Trading Pairs |
PDAX primarily focuses on PHP-to-crypto pairs, limiting options for those looking to trade directly between cryptocurrencies. |
|
The website provides essential information; however, more detailed disclosures about security practices and fund management could enhance transparency. |
Website Transparency |
The website provides clear information about trading fees, minimum trade amounts, and other essential policies, although some users may find certain operational details lacking. |
|
BitMart does not offer its own exchange card for customers to use for in-store purchases and receive benefits. |
Credit/Debit Card |
This lack of a dedicated card offering means that PDAX users cannot directly utilize their crypto holdings for everyday transactions outside the platform. |
|
Provides secure storage options with the majority of assets held in cold storage, though past security breaches have impacted their score. |
Storage Offering |
Provides secure wallet services regulated under Philippine law, ensuring safety for digital assets, though it lacks some of the advanced features found in dedicated crypto wallets. |
|
Offers competitive staking options and rewards, appealing to users looking to earn through their crypto assets. |
Staking and Rewards |
Currently, PDAX does not offer staking services or rewards, which is a significant drawback for users looking to earn through these mechanisms. |
|
Both mobile and desktop platforms are highly user-friendly and feature-rich, providing a seamless trading experience. |
Mobile App and Desktop |
The mobile app is user-friendly and provides a robust trading experience on the go, although the desktop version could be enhanced with additional trading tools. |
|
Customer support is available, but response times can be slow. More resources towards improving service responsiveness are needed. |
Customer Service |
Offers multiple channels for support including email and social media, but there are reports of delays and the lack of immediate response options like phone support or live chat. |
|
BitMart offers multiple deposit and withdrawal methods, but improvements could be made in processing times and fee structures for withdrawals. |
Deposit and Withdraw |
PDAX supports various local payment methods, which is convenient for Filipino users. International users, however, might find options limited. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
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Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S